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You might be ready to retire, have family members or employees ready to follow in your footsteps, or have an offer too good to refuse. Whatever your motivation or timetable, it’s time to prepare an exit strategy for you, your family, and your business.

Business is never more personal than when you relinquish control, which is why a successful succession plan takes more than well-crafted legal documents. It requires insight into the business and personal issues for all the parties to the transaction, whether they are employees, vendors, customers, or family members. In particular, family-owned enterprises call for careful resolution of the potentially divisive issues between family members active in the business and those with no interest in ever running the business that mom or dad built.

Getting it right creates security for the seller and possibilities for the new owner. Getting it wrong? It means you still can’t relax. Make a plan—and put experience, empathy and insight working for you.

Cowden Humphrey is here to work with you in these areas:

  • Business Succession Planning
  • Estate Planning
  • Probate & Estate Administration
  • Tax & Tax Planning Strategies
  • Life Insurance, Annuity, Arbitrage & Longevity Planning
  • Wealth Management

Your Tax, Estate and Succession Planning Team:  Robert Humphrey, Frank Nagorney, Terrence Steel and Thomas Talcott

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